A. Adjustable price Loans (ARHL) and mix speed Residence Loan (“CRHL”) through the amount of applicability regarding the adjustable interest rate
A) For Individual Borrowers:
For several loans sanctioned simply to specific borrowers, no prepayment fees will probably be payable because of component or full prepayments made through any sources.
B) for any other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:
I. In the event the loan is prepaid inside the very very first six (6) months through the date of very very very first disbursement, Prepayment costs shall be levied at a consistent level of 2 percent plus fees and levies being statutory fees, of this quantities being so prepaid;